Monthly Archives: «May 2014»

201405.13

Can A Bankruptcy Filing Stop a Foreclosure Sale in New York?

by David I. Pankin, P.C. in Bankruptcy Law, Foreclosure Help, Foreclosure Law

SecoSeconIn the United States, foreclosure laws may vary from state to state. In contrast, bankruptcy is federal law and in general treats foreclosure uniformly. In New York, bankruptcy may be able to help stop a foreclosure sale. Filing for Chapter 7 can potentially delay a foreclosure action for a number of months while a Chapter…

201405.04

Supreme Court Reviews Exemption of Inherited IRA funds

by David I. Pankin, P.C. in Bankruptcy in the News, Bankruptcy Law

The U.S. Supreme Court is presently considering whether an inherited retirement account funds can be protected against bankruptcy claims. The justices will decide the appeal of a Wisconsin couple, Brandon C. Clark and Heidi Heffron-Clark, who filed Chapter 7 bankruptcy in 2010 after their pizza shop business failed in 2009. The bankruptcy court rejected the…

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